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Tuesday 19.03.2019 | Name days: Jāzeps

Latvia urges BAS to unveil true beneficiaries

Latvian national airline airBaltic private shareholder Baltic Aviation Systems still fails to uncover the true beneficiaries and present numerous documents, including airBaltic 2010 report, according to Prudentia and Transport Ministry's report.

Ongoing «fight» over Passenger Train tender

The «last stop» in the new passenger train procurement tender might be the court, seeing that there is already fight over the nearly 430 million lats worth project.

Ushakov shouldn't worry about another euro referendum

As soon as one voting is over, politicians are already expecting the next one. Nils Ushakov, the winning party Harmony Center's prime minister candidate, thinks that a referendum should be set up for people to have a say in whether to join the eurozone or not.

Karnite: hard times await Latvia

In order to predict whether the emergency Saeima elections will affect the current national economic policy, it is important to know who will be the new prime minister and finance minister. Given the events in Europe, it is clear that Latvia can expect hard times, Raita Karnite, board member of the Economic Forecasting Centre, admits in an interview to the news portal BNN.

Facebook connects with Twitter

Facebook users will soon be able to directly connect from their profile to Twitter account.

Latvia drops to 60th place in economic freedom rating

Latvia has taken the 60th place in the latest economic freedom rating compiled by Canada’s Fraser Institute, according to the Institute’s latest Economic Freedom of the World 2011 Annual Report.

S&P unexpectedly slashes Italy’s rating

The international rating agency Standard & Poor's has unexpectedly lowered Italy’s long-term credit rating by one notch – from A+ to A with a negative outlook.

Bank of Latvia: Estonians have better financial logics

Estonian budget policy of the past ten years shows that, unlike Latvia, Estonians have always had good financial logics. They always spend only what has been earned so that they do not need to borrow, says Olegs Tkachev, Bank of Latvia economist.

62% of Latvia population object to two national languages

The majority or 62% of all the economically active population aged 18 to 55 disapproves of Russian as the second national language in Latvia, according to TNS Latvia and LNT survey.

Shteinbuka: better social indicators to signal end of crisis

Inna Steinbuka, the head of the European Commission Representation, believes that to a certain extent the crisis is over, because Latvia is no longer under the threat of insolvency. "But in general it still lingers, since we still feel social consequences," she says.

Dairy Valmieras piens sold to Russian investor

Latvian dairy AS Valmieras piens has been sold to an investor from Russia. Employees have been asked not to give out details of the deal. Moreover, they are promised compensations in case of job cuts, according to unofficial information.

Construction output up 0.3% in EU and 1.4% in eurozone

Comparing July and June, construction production rose by 1.4% in EU and 0.3% in the the euro area, while growing 0.2% in EU and 1.2% in the eurozone year-on-year, according to the EU statistics office Eurostat.